Diane Keaton was honored with the Sherry Lansing Leadership Award at The Hollywood Reporter's 21st annual Women in Entertainment breakfast on Wednesday, December 5.

The annual breakfast honors the most powerful women in Hollywood and guests included Kerry Washington, Elizabeth Banks, Kathy Griffin and Mindy Kaling.

Keaton, 66, accepted the diamond-and-ruby-encrusted award and, according to The Associated Press, she warned her speech wasn't funny but still made the crowd inside the ballroom of the Beverly Hills Hotel laugh.

"I just wanted my speech to be the most touching, heartfelt, funniest, yet also persuasive, because that's what a leader is," Keaton said. "I just knew that my speech had to be way better than Meryl Streep's speech or Jane Fonda or Helen Mirren." The actresses Keaton mentioned were all previous Lansing Award winners.

Keaton is known for role in "Annie Hall," for which she won an Academy Award for Best Actress in a Leading Role in 1978. The actress is also known for her roles in "The Godfather" franchise, "Reds," "Marvin's Room," "Something's Gotta Give," "Father of the Bride" and "The First Wives Club."

According to the wire service, Keaton paid tribute to her parents during her speech, particularly her mother, who died in 2008 of Alzheimer's.

The breakfast event coincided with The Hollywood Reporter's annual Power 100 ranking of entertainment's most influential women. Anne Sweeney, co-chairman of Disney Media Networks and president of Disney/ABC Television Group, tops the list for the third consecutive year.